Course Details

International Financial Reporting Standards (IFRS) were formulated as a result of a growing need for accountants to use a common international reporting standard in the preparation of company financial statements. These standards are progressively replacing the many different national accounting standards. They were first proposed in 1996 and have been continuously updated IFRS training is appropriate for people who want to understand and be able to apply international accounting standards. After completion of the course attendees will be able to;

• Understand and explain the structure of the international, professional and conceptual framework of accounting
• Apply relevant financial reporting standards to key elements of financial reports
• Identify and apply disclosure requirements for companies relating to the presentation of financial reports and notes
• Prepare group financial statements (excluding group cash flow statements) for all types of organisations, including subsidiaries, associates and joint ventures.